Acquisition · Gravesend
2074 McDonald Avenue trades for $18.6M
- Amount
- $18.6M
- Type
- Acquisition
- Date
- Jul. 2026
2074 McDonald Avenue, Brooklyn, NY
Recorded in NYC property records.
- Buyer
- Crystal Residences LLC
- Seller
- Jackson EX 2 Avenue S LLC
- Seller
- Jackson 2064 McDonald LLC
- Lender
- Popular Bank
- Site is slated for a 10-story, 99-unit building near the Kings Highway F train, filed by developer Joel Landau's Emerald Developers.
- Press names the buyer as Diamond National Investments, likely tied to the Crystal Residences LLC entity on the deed.
- Prior use was a yeshiva-affiliated property; a Brownfield Cleanup Program remedial work plan has been filed for the site.
- First confirmed acquisition and financing detail behind a site Hush Street had already been tracking via permit filings.
Overview
Crystal Residences LLC bought the adjacent 2074 and 2080 McDonald Avenue parcels in July 2026 for a combined $18.6 million, according to two deeds recorded the same day: $13.6 million for 2080 McDonald Avenue and $5 million for 2074 McDonald Avenue, each from a different Jackson Group entity. A $10.23 million mortgage from Popular Bank covering both lots financed the purchase the same day. PincusCo independently covered the $13.6 million sale, naming the buyer as Diamond National Investments -- likely the parent or principal behind the Crystal Residences LLC entity named on the deed, though that relationship isn't independently confirmed here.
The site is slated for a 10-story, 99-unit residential building near the Kings Highway F train station, per Hoodline, filed by developer Joel Landau's Emerald Developers. The prior use was a yeshiva-affiliated property; a New York State Brownfield Cleanup Program remedial investigation work plan has been filed for the site, indicating environmental review is part of the path to redevelopment.
Hush Street's own Gravesend coverage had already tracked permit and rezoning filings for these two sites -- this record supplies the first confirmed acquisition and financing detail behind them.
The first confirmed capital behind an already-tracked Gravesend rezoning and permit story -- a planned 99-unit tower near the Kings Highway F train, now with its $18.6 million acquisition and $10.23 million financing on the record, and Popular Bank's second confirmed Brooklyn financing in Hush Street's coverage.
Parties Involved 4 recorded
Basis
Named as party2 (grantee) on both deeds (ACRIS docs 2026070700302002 and 2026070700302003) and as borrower (party1) on the mortgage (doc -004).
Basis
Named as party1 (grantor) on the $13,600,000 deed for 2080 McDonald Avenue (ACRIS doc 2026070700302002).
Basis
Named as party1 (grantor) on the $5,000,000 deed for 2074 McDonald Avenue (ACRIS doc 2026070700302003), c/o The Jackson Group.
Basis
Named as party2 on the $10,230,000 mortgage (doc 2026070700302004).
Counts and combined values are computed from Hush Street’s own published Deal records only. “Combined” is the total value of the transactions a party appears on, not capital deployed by that party, and two parties on the same transaction each reflect its full amount. Not a career or market total.
Marks shown are Hush Street editorial monograms, generated from each party’s recorded name — not official company logos.
Property & Project
Sources & Recordsverification, citations & data notes
- ACRIS Document Detail -- deed, $13,600,000 — NYC ACRIS
- ACRIS Document Detail -- deed, $5,000,000 (2074 McDonald Avenue) — NYC ACRIS
- ACRIS Document Detail -- mortgage, $10,230,000 — NYC ACRIS
- 2080 McDonald Avenue Gravesend: 99-Unit Tower Planned — Hoodline
- Diamond National Investments pays $13.6M to Jackson Group for likely dev site in Gravesend — PincusCo